Livestock Auctions Feeling Affects of Lower Futures

Cattle:  At the livestock auction held Friday in Siler City a total of 847 cattle and 32 goats were sold.  Compared to last week, slaughter and feeder cattle were sharply lower as the pressure on futures contract prices has resulted in the market declining.  It was reported that demand, market activity and buyer interest were moderate.  Offerings of cattle were moderate.  Cattle quality was average.  Average dressing slaughter cows brought $84-$97, with high dressing up to $110.  Average dressing slaughter bulls, 1000 lbs. & up, sold from $120-$139.  400-500 lbs.

Broiler-Fryers:  The North Carolina broiler-fryer market was steady and the live supply was adequate to meet the moderate demand.  Average weights were heavy.  The estimated slaughter for Monday in North Carolina was 2,994,000 head compared to 2,924,000 head last Monday.

Eggs:  The market is steady on all sizes.  Supplies of extra-large and large are heavy, others moderate.  Retail demand is moderate.  Weighted average prices for small lot sales of grade A eggs delivered to nearby retail outlets: Extra Large 239.04, Large 232.06, Medium 174.86, and Small 107.00.

Cotton:  The strict-low middling one and one sixteenth Southeast average price is 60.25 cents per pound; the U.S. average is 58.82 cents per pound.

Grain:  U.S. 2 yellow shelled corn was mostly 2 to 3 cents lower when compared to last report.  Prices ranged $4.02-$4.72 at feed mills and $3.87-$4.67 at elevators.  U.S. 1 yellow soybeans were mostly 12 to 13 cents lower; prices were $8.27-$9.16 at the elevators; new crop $8.27-$8.82.  U.S. 2 soft red winter wheat was mostly 3 cents lower and was $4.56 at the feed mills and $4.17-$4.63 at the elevators.

A native of the Texas Panhandle, Rhonda was born and raised on a cotton farm where she saw cotton farming evolve from ditch irrigation to center pivot irrigation and harvest trailers to modules. After graduating from Texas Tech University, she got her start in radio with KGNC News Talk 710 in Amarillo, Texas.